CHINA’S ByteDance has agreed to completely exit the US operations of TikTok completely in a bid to save a deal with the White House, after Donald Trump announced a ban of the Chinese-owned platform.
ByteDance was previously seeking to keep minority stake in the US business of TikTok, which the White House rejected, now the China based company is letting Microsoft take full control over TikTok in the US.
According to Reuters, under ByteDance’s new proposal Microsoft will be in charge of protecting all US user data.
The plan allows for another US company other than Microsoft to take over TikTok in the United States.
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